VERMANT: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
What changed
VERMANT
NACE 95.311, General maintenance and repair of cars and light vans (up to 3.5 tonnes)
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€3.1m
2024 · €5.2m-€2.1m
Equity
€11.9m
2024 · €13.1m-€1.1m
Cash
€515,056
2024 · €2.3m-€1.8m
Balance sheet total
€35.2m
2024 · €32.0m+€3.2m
Largest movements
Assets
- Stocks and contracts +€2.6m
up €2.6m (+33.8%), from €7.8m to €10.4m
- Receivables within one year +€1.8m
up €1.8m (+32.3%), from €5.7m to €7.6m
of which Trade receivables: +€1.7m
- Cash -€1.8m
down €1.8m (-77.7%), from €2.3m to €515,056
mainly Contributions, distributions and other (-€4.3m) and Stocks and contracts (-€2.6m)
- Tangible fixed assets +€670,823
up €670,823 (+17.2%), from €3.9m to €4.6m
of which Other tangible fixed assets: +€1.9m
Equity and liabilities
- Other debts +€3.7m
up €3.7m (+369%), from €1.0m to €4.7m
- Debts after one year -€1.4m
down €1.4m (-14.1%), from €9.7m to €8.3m
- Trade debts +€1.2m
up €1.2m (+18.1%), from €6.4m to €7.6m
- Reserves -€1.1m
down €1.1m (-9.0%), from €12.8m to €11.7m
of which Distributable reserves: -€1.1m
- Short-term financial debts +€500,000
up €500,000, from €0 to €500,000
Income statement
- Goods and materials -€6.7m
down €6.7m (-8.7%), from €77.4m to €70.7m
of which Change in stocks: decrease (increase): -€8.7m
- Turnover -€5.8m
down €5.8m (-6.7%), from €86.5m to €80.7m
- Other operating income -€4.6m
down €4.6m (-54.5%), from €8.4m to €3.8m
- Financial income +€1.6m
up €1.6m (+6,686%), from €23,753 to €1.6m
- Taxes -€1.2m
down €1.2m (-67.3%), from €1.8m to €582,128
of which Taxes: -€1.2m
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Result 2024
€5.2m
Turnover
-€5.8m
Other operating income
-€4.6m
Goods and materials
+€6.7m
Services and other goods
-€363,988
Staff costs
-€681,645
Depreciation
-€33,493
Write-downs
-€792
Other operating charges
+€14,429
Financial income
+€1.6m
Financial charges
-€237,719
Taxes
+€1.2m
Result 2025
€3.1m
raises the resultlowers the result
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€4.7m
Investment
-€1.3m
Financing
-€5.2m
Cash 2024
€2.3m
From operations (derived)
+€4.7m
Net result for the year
+€3.1m
Depreciation
+€754,974
Stocks and contracts
-€2.6m
Receivables within one year
-€1.8m
Deferred charges and accrued income
+€52,616
Trade debts
+€1.2m
Tax, wage and social debts
+€441,038
Advances received
-€8,865
Other debts
+€3.7m
Accrued charges and deferred income
-€14,243
Investment (derived)
-€1.3m
Investment in fixed assets (net)
-€1.3m
Financing
-€5.2m
Debts after one year
-€1.4m
Current portion of long-term debt
-€82,267
Short-term financial debts
+€500,000
Contributions, distributions and other
-€4.3m
Cash 2025
€515,056
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €32,030,853 | €35,226,446 | +€3.2m | +10.0% |
| Fixed assets | 21/28 | €16,031,899 | €16,599,355 | +€567,456 | +3.5% |
| Intangible fixed assets | 21 | €7,734 | €3,534 | -€4,200 | -54.3% |
| Tangible fixed assets | 22/27 | €3,902,499 | €4,573,321 | +€670,823 | +17.2% |
| Land and buildings | 22 | €2,214,491 | €1,292,443 | -€922,049 | -41.6% |
| Plant, machinery and equipment | 23 | €1,317,278 | €1,096,533 | -€220,746 | -16.8% |
| Furniture and vehicles | 24 | €108,575 | €33,887 | -€74,688 | -68.8% |
| Other tangible fixed assets | 26 | €262,154 | €2,150,459 | +€1.9m | +720% |
| Financial fixed assets | 28 | €12,121,667 | €12,022,500 | -€99,167 | -0.8% |
| Affiliated companies | 280/1 | €12,021,000 | €12,021,000 | = | 0.0% |
| Participating interests | 280 | €12,021,000 | €12,021,000 | = | 0.0% |
| Companies linked by participating interests | 282/3 | €99,167 | €0 | -€99,167 | -100% |
| Participating interests | 282 | €99,167 | €0 | -€99,167 | -100% |
| Other financial fixed assets | 284/8 | €1,500 | €1,500 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €1,500 | €1,500 | = | 0.0% |
| Current assets | 29/58 | €15,998,954 | €18,627,090 | +€2.6m | +16.4% |
| Stocks and contracts in progress | 3 | €7,796,765 | €10,428,320 | +€2.6m | +33.8% |
| Stocks | 30/36 | €7,796,765 | €10,428,320 | +€2.6m | +33.8% |
| Goods purchased for resale | 34 | €7,796,765 | €10,428,320 | +€2.6m | +33.8% |
| Amounts receivable within one year | 40/41 | €5,709,606 | €7,553,320 | +€1.8m | +32.3% |
| Trade receivables | 40 | €5,564,877 | €7,306,895 | +€1.7m | +31.3% |
| Other amounts receivable | 41 | €144,729 | €246,424 | +€101,695 | +70.3% |
| Cash at bank and in hand | 54/58 | €2,309,572 | €515,056 | -€1.8m | -77.7% |
| Deferred charges and accrued income | 490/1 | €183,010 | €130,394 | -€52,616 | -28.8% |
| Total equity and liabilities | 10/49 | €32,030,853 | €35,226,446 | +€3.2m | +10.0% |
| Equity | 10/15 | €13,065,331 | €11,917,129 | -€1.1m | -8.8% |
| Contributions | 10/11 | €250,000 | €250,000 | = | 0.0% |
| Capital | 10 | €250,000 | €250,000 | = | 0.0% |
| Issued capital | 100 | €250,000 | €250,000 | = | 0.0% |
| Reserves | 13 | €12,815,331 | €11,667,129 | -€1.1m | -9.0% |
| Non-distributable reserves | 130/1 | €25,620 | €25,620 | = | 0.0% |
| Legal reserve | 130 | €25,000 | €25,000 | = | 0.0% |
| Other | 1319 | €620 | €620 | = | 0.0% |
| Tax-exempt reserves | 132 | €151,272 | €151,272 | = | 0.0% |
| Distributable reserves | 133 | €12,638,439 | €11,490,238 | -€1.1m | -9.1% |
| Provisions and deferred taxes | 16 | €50,424 | €50,424 | = | 0.0% |
| Deferred taxes | 168 | €50,424 | €50,424 | = | 0.0% |
| Amounts payable | 17/49 | €18,915,098 | €23,258,892 | +€4.3m | +23.0% |
| Amounts payable after more than one year | 17 | €9,655,068 | €8,295,787 | -€1.4m | -14.1% |
| Financial debts | 170/4 | €9,655,068 | €8,295,787 | -€1.4m | -14.1% |
| Credit institutions | 173 | €9,655,068 | €8,295,787 | -€1.4m | -14.1% |
| Amounts payable within one year | 42/48 | €9,242,937 | €14,960,256 | +€5.7m | +61.9% |
| Current portion of amounts payable after more than one year | 42 | €1,517,172 | €1,434,905 | -€82,267 | -5.4% |
| Financial debts | 43 | €0 | €500,000 | +€500,000 | |
| Credit institutions | 430/8 | €0 | €500,000 | +€500,000 | |
| Trade debts | 44 | €6,394,520 | €7,550,056 | +€1.2m | +18.1% |
| Suppliers | 440/4 | €6,394,520 | €7,550,056 | +€1.2m | +18.1% |
| Advances received on contracts in progress | 46 | €26,860 | €17,995 | -€8,865 | -33.0% |
| Taxes, remuneration and social security | 45 | €297,957 | €738,995 | +€441,038 | +148% |
| Taxes | 450/3 | €0 | €370,047 | +€370,047 | |
| Remuneration and social security | 454/9 | €297,957 | €368,948 | +€70,991 | +23.8% |
| Other amounts payable | 47/48 | €1,006,429 | €4,718,305 | +€3.7m | +369% |
| Accrued charges and deferred income | 492/3 | €17,093 | €2,849 | -€14,243 | -83.3% |
| Operating income | 70/76A | €94,805,027 | €84,499,312 | -€10.3m | -10.9% |
| Turnover | 70 | €86,454,918 | €80,700,927 | -€5.8m | -6.7% |
| Other operating income | 74 | €8,350,109 | €3,798,384 | -€4.6m | -54.5% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Operating charges | 60/66A | €87,496,004 | €81,813,641 | -€5.7m | -6.5% |
| Goods for resale, raw materials and consumables | 60 | €77,441,211 | €70,693,359 | -€6.7m | -8.7% |
| Purchases | 600/8 | €71,506,425 | €73,453,849 | +€1.9m | +2.7% |
| Change in stocks: decrease (increase) | 609 | €5,934,787 | -€2,760,490 | -€8.7m | |
| Services and other goods | 61 | €5,445,445 | €5,809,433 | +€363,988 | +6.7% |
| Remuneration, social security and pensions | 62 | €3,552,263 | €4,233,909 | +€681,645 | +19.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €721,481 | €754,974 | +€33,493 | +4.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €136,168 | €136,960 | +€792 | +0.6% |
| Other operating charges | 640/8 | €199,435 | €185,006 | -€14,429 | -7.2% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Operating profit (loss) | 9901 | €7,309,023 | €2,685,671 | -€4.6m | -63.3% |
| Financial income | 75/76B | €23,753 | €1,611,770 | +€1.6m | +6,686% |
| Recurring financial income | 75 | €23,753 | €1,611,770 | +€1.6m | +6,686% |
| Income from financial fixed assets | 750 | - | €64,595 | +€64,595 | |
| Income from current assets | 751 | - | €1,500,000 | +€1.5m | |
| Other financial income | 752/9 | €23,753 | €47,175 | +€23,422 | +98.6% |
| Financial charges | 65/66B | €375,794 | €613,513 | +€237,719 | +63.3% |
| Recurring financial charges | 65 | €375,794 | €514,347 | +€138,553 | +36.9% |
| Debt charges | 650 | €295,560 | €483,499 | +€187,940 | +63.6% |
| Other financial charges | 652/9 | €80,235 | €30,847 | -€49,387 | -61.6% |
| Non-recurring financial charges | 66B | - | €99,167 | +€99,167 | |
| Profit (loss) for the period before taxes | 9903 | €6,956,982 | €3,683,927 | -€3.3m | -47.0% |
| Transfer to deferred taxes | 680 | €0 | - | = | |
| Income taxes | 67/77 | €1,779,653 | €582,128 | -€1.2m | -67.3% |
| Taxes | 670/3 | €1,779,653 | €592,909 | -€1.2m | -66.7% |
| Tax adjustments and reversals of tax provisions | 77 | - | €10,780 | +€10,780 | |
| Profit (loss) for the period | 9904 | €5,177,329 | €3,101,798 | -€2.1m | -40.1% |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €5,177,329 | €3,101,798 | -€2.1m | -40.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.